Ministry of Labour & Employment has decided to amend the Contract
Labour (Regulation and Abolition) Act, 1970. A copy of the Preliminary
Draft of THE CONTRACT LABOUR (REGULATION AND ABOLITION) AMENDMENT BILL,
2017 read more

28/09/2017

Request for grant of new scale to the Temporary Status Casual Labourers on par with 7th CPC﻿-FNPO sends a letter.

Click the above link to read a letter.﻿

27/09/2017Former Finance Minister in the Atal Bihari Vajpayee government said private investment had shrunk "as never before in two decades" while industrial production had all but collapsed."Agriculture is in distress, construction industry, a big employer of the workforce, is in the doldrums, the rest of the service sector is also in the slow laneRead more.

26/09/2017FNPO appeals the Department to take necessary steps to solve the burning problems of Postal employees before Deepavali to avoid unrest Click here to read.

Pension fund PFRDA regulator has proposed to raise maximum entry age limit for subscribing National Pension System (NPS) to 65 years.

The entry age to NPS is now proposed to be increased to 65 years from 60 years and there is an option to continue up to age of 70 years, a Finance Ministry statement issued today said.

NPS should also be explored, as an additional retirement benefit, for corporates where superannuation funds are not available and employees are covered only under the mandatory EPFO (Employees’ Provident Fund Organisation) schemes, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor said.

“With opening up of economy people started getting more job opportunities, switching jobs suitable to their skills and talents. Job switching has become more frequent and people seek more controls on their finances, when they start moving jobs and place from one to another,” he said.

The concept of portability came in and people started thinking about having better control on their retirement savings, he said.

Currently, NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04 lakh crore.

Defined benefit pension schemes, which were predominant earlier, became unsustainable not only for the government sector but also for the private sector because of various factors.

A Defined contribution scheme was, therefore, launched in 2004 which was initially only for central government employees, but which was later extended to state government employees and later to the private sector. This scheme is the NPS, which is regulated by PFRDA.

Chronopost is set to start making parcel deliveries on Sundays in cities and towns across France Read more

India’s economic growth slipped to a three-year low of 5.7 per cent in
April-June. Read more,

Conference on Portability from
Superannuation and Recognized Provident Funds to National Pension System
(NPS); NPS has more than 1.71 crore subscribers with total Asset under
Management (AUM) of more than Rs. 2.04 lakh crores. read more.

Labour law reforms will be expedited and the government will put in efforts to bring the trade union on board.Read more

Tamilnadu Circle Postal Kabbadi Team Won the Championship trophy in the All India Postal Kabbadi Tournament continuously for the 15th year. our sincere appreciation and congratulate the entire Tamilnadu team for this continuous victory.

15/09/2017India Post Payments Bank is gearing up to provide its financial services through all of 1.55 lakh post offices and 3 lakh employees by the end of 2018 -Read moreRevision of commission payable to SAS agents on Kisan Vikas Patra (KVP) :Click here to view]